US stocks climb as Europe tackles debt crisis

NEW YORK—US stocks posted solid gains Wednesday as investors took heart from signs of progress in Europe in dealing with the eurozone debt crisis.

The Dow Jones Industrial Average rose 101.49 points (0.89 percent) to 11,517.79 in closing trade.

The broader S&P 500 climbed 11.56 points (0.97 percent) to 1,207.10, while the tech-heavy Nasdaq Composite added 21.68 points (0.84 percent) to 2,604.71.

“A groundswell of enthusiasm over progress in Europe is lifting Wall Street higher,” said Sameer Samana at Wells Fargo Advisors.